2072 169 St North Miami Beach, FL 33162

This exceptional investment opportunity presents a four-unit multifamily property located at 2072 NE 169th St #12, North Miami Beach, Florida 33162. Built in 1963, this property offers significant upside potential due to below-market rents. The four apartments included in this package deal are currently leased, generating immediate cash flow. Apartment #5 (750 sq ft) commands a monthly rent of $1,800, Apartment #9 (1,025 sq ft) rents for $1,450, Apartment #11 (750 sq ft) brings in $1,550, and Apartment #12 (785 sq ft) leases for $1,350. Many of the leases are month-to-month, allowing for future rent increases to market rates of approximately $2,000 per month per unit. The total asking price for all four units is $1,099,000, representing a compelling value proposition. Each apartment has its own electric meter, and tenants are responsible for their own electricity. A monthly association fee of $400 per apartment covers water and garbage disposal. This property presents a strong investment opportunity with immediate income and significant potential for future appreciation through rent increases. The property is situated in Miami-Dade County, offering convenient access to local amenities and transportation. This is a rare chance to acquire a well-located multifamily property with substantial rental income and growth potential.